How to set up and change project hourly rates, estimate costs and time?
Project hourly rates help you calculate your project costs. By enabling this feature, you'll be able to see how much each project costs to your company. You can also use this feature to bill your customers or calculate individual user costs accurately.
To enable the feature, go to Settings -> Account and tick the ''allow project costs'' box.
Next, you can add default hourly rates for each user, go to Settings -> Team members -> Edit and add the default hourly rate. It will be the user's default rate for all projects they will work on.
It is also possible to set up:
- User's hourly rates for specific projects;
- Possible costs;
- Possible length of a project.
To do it, go to Projects and find the project you want to edit. Open it, find the setting, click Edit and adjust the settings.